Mangaluru: Foundation stone laid for 'City Square' commercial complex
New project by Rohan Corporation and Property Infratech
Mangaluru: Rev. Father Ravi Santosh Kamath, Bijay Church's F. Wilson Vitus D'Souza, Manjnady Ahmad Musliyar laid the foundation stone for the City Square commercial complex, which is being built by the prestigious Rohan Corporation and Property Infratech on Lal Bagh's Mahatma Gandhi Road here.
Speaking after inaugurating the programme, SCDCC Bank Chairman Dr. M.N. Rajendra Kumar said, "foundation stone for the City Square commercial complex , a major project has been laid in the heart of the city after the demonetization. Rohan Monteiro of the Rohan Corporation has made his name in the real estate industry. My support is there in all his projects. I wish Rohan constructs more buildings," he said.
MP Nalin Kumar Kateel, who was speaking after releasing the brochure of the City Square commercial complex, said "the buildings which are being constructed in Mangaluru must be smart as the city has been selected as Smart City. Accordingly, Rohan Monteiro's building is also smart. We wish him more success in the future," he wished.
Rohan Monteiro of Rohan Corporation said, "I have been in business for 31 years. Of which, for 25 years I have been engaged in the real estate industry. Meanwhile, I have struggled in the industry with several ups and downs. I am doing business as a service by constructing residential establishments and layout buildings. Customers must cooperate and support ," he requested.
Mayor Bhaskar K, MCC Chief Secretary Shashidhar Hegde, former legislators JR Lobo, Moideen Bava, MUDA Chairman Suresh Ballal, CREDAI President DB Mehta, building owner Abdul Aziz, his wife Noor Jahan, MCC members Jayanti Acharya, Naveen D'Souza, Sabita Miskith, building designer Peter Pawel, Harikrishna Bantwal, KC Naik, Advocate Abdul Aziz, district former registrar Haq, Abdul Rauf Puthige of Vishwas Bawa Builders, Haji SM. Rashid, Mansoor Ahmed, and others were present.
Rohan Monteiro presented welcome address in the programme. Manohar Prasad anchored the event, and Padmanabha Shetty proposed the vote of thanks.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
